In a live press conference Wednesday afternoon hosted by Ryan Seacrest, the network introduced Steven and Jlo alongside Randy Jackson, the only judge remaining from the previous season, to a cheering audience.

“I’m looking for the next Michael Jackson,” said Jlo, 41. “We’re looking for the best American Idol ever.”

Steven Tyler, 62, also had some words to say. “[It] feels like the perfect feathered nest,” he said. “It’s being a part of something much bigger than yourself. I want to bring some rock to this roller coaster.”

Jennifer, who is slated to earn $12 million for judging one season of the hit show addressed the Idol hopefuls in attendance at the press conference. “I love you guys. I am so excited,” she told the crowd. “It is about concentrating in the moment, do the best you can. Just live! Just live, it’s your moment.”

The new season of American Idol will officially kick off in January, 2011.